Fed beige book notes shutdown hit economy and tariffs
The Federal Reserve beige book indicates U S economic growth in January and February but about half of the 12 districts report slower activity tied to the 35 day partial shutdown and delayed federal paychecks. Manufacturing shows some strength yet concerns persist over global demand and higher costs from tariff policy.
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U S Businesses Add 183000 Jobs in February
U S private payrolls rose by 183000 in February per ADP, down from January's 300000. Gains spread across sectors, with professional services adding 49000 and education health care 37000, while government data due Friday may show similar results. Moody's Analytics economist Mark Zandi expects continued hiring despite a cooling economy.
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Associated Press
Dollar Tree to close up to 390 Family Dollar stores
Dollar Tree Inc plans to close up to 390 Family Dollar locations this year and rebrand about 200 others under the Dollar Tree name. It took a $2.73 billion charge in fiscal Q4 and reported a sizable quarterly loss.
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